Yelp files IPO plans to raise $100M

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Staff
Silicon Valley Business Journal

Online review site Yelp Inc. on Thursday filed plans with the U.S. Securities and Exchange Commission to raise up to $100 million in an initial public offering. Pricing details have yet to be disclosed.

The company, which is unprofitable, booked $74 million in sales for the 12 months ending Sept. 30, 2011, according to Renaissance Capital. It plans to list under the ticker symbol "YELP," though an exchange has not yet been named.

Goldman, Sachs & Co., Citi, and Jefferies & Co. were named as lead underwriters on the deal in the filing.

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